Should Will Be Written On Stamp Paper?

A will is a legal document that outlines the distribution of assets and property after the death of an individual. It is a critical document that ensures that your loved ones receive your assets as per your wishes. However, there is a debate over whether a will should be written on stamp paper or not. This article aims to explore the advantages and disadvantages of writing a will on stamp paper.

What is a stamp paper?

A stamp paper is a legal document that has a pre-printed revenue stamp affixed to it. It serves as proof that a transaction or agreement has taken place between two or more parties. Stamp papers are issued by the government, and they vary in value depending on the state in which they are issued and there are so many website that also provides stamp paper online and you just need to purchase it 

Advantages of writing a will on stamp paper

One of the primary advantages of writing a will on stamp paper is that it is considered as evidence in a court of law. If there is a dispute over the distribution of assets after the death of an individual, the will can be produced as evidence in court. The court can then use the will to determine the distribution of assets as per the wishes of the deceased.

Another advantage of writing a will on stamp paper is that it helps to avoid fraud and misrepresentation. A will on stamp paper is a legally binding document, and it is difficult to forge or alter. This ensures that the wishes of the deceased are respected, and the assets are distributed as per their wishes.

Disadvantages of writing a will on stamp paper

One of the main disadvantages of writing a will on stamp paper is the cost. Stamp papers are issued by the government, and their value varies depending on the state in which they are issued. The cost of stamp paper can add up, especially if you have multiple wills or if you want to make changes to your will.

Another disadvantage of writing a will on stamp paper is that it is not necessary in all cases. If the assets of the deceased are minimal or if there is no dispute over the distribution of assets, a will on stamp paper may not be necessary. In such cases, a simple will that is signed by the deceased and witnessed by two individuals may suffice.

Alternatives to writing a will on stamp paper

There are alternatives to writing a will on stamp paper. One of the alternatives is to write a will on plain paper and have it attested by two witnesses. This is a legally binding document, and it is admissible in court as evidence. Another alternative is to create a digital will. A digital will is a document that is created and stored electronically. It is signed using an electronic signature and is legally binding. However, the laws governing digital wills vary by country and state.

Conclusion

In conclusion, whether a will should be written on stamp paper or not depends on the circumstances of the individual. If the assets of the individual are substantial, and there is a possibility of a dispute over the distribution of assets, a will on stamp paper may be necessary. However, if the assets are minimal, a simple will that is signed by the deceased and witnessed by two individuals may suffice. It is essential to consult a legal professional to determine the best course of action for writing a will.

Posted by Sukhawinder